Dimensional Fund Advisors LP boosted its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 1.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,472,107 shares of the home improvement retailer’s stock after buying an additional 46,510 shares during the quarter. Dimensional Fund Advisors LP owned 0.29% of Lowe’s Companies worth $191,651,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Vantage Financial Partners Ltd. Inc. purchased a new position in Lowe’s Companies during the second quarter worth about $233,000. SRS Capital Advisors Inc. boosted its stake in Lowe’s Companies by 0.4% during the first quarter. SRS Capital Advisors Inc. now owns 1,236 shares of the home improvement retailer’s stock worth $101,000 after buying an additional 5 shares during the period. Harbour Capital Advisors LLC purchased a new position in Lowe’s Companies during the first quarter worth about $103,000. Hanson McClain Inc. boosted its stake in Lowe’s Companies by 3.5% during the first quarter. Hanson McClain Inc. now owns 1,337 shares of the home improvement retailer’s stock worth $110,000 after buying an additional 45 shares during the period. Finally, State of Alaska Department of Revenue boosted its stake in Lowe’s Companies by 8.3% during the second quarter. State of Alaska Department of Revenue now owns 1,440 shares of the home improvement retailer’s stock worth $111,000 after buying an additional 110 shares during the period. 74.38% of the stock is owned by institutional investors.
Shares of Lowe’s Companies, Inc. (NYSE:LOW) opened at $77.49 on Monday. The company has a current ratio of 1.03, a quick ratio of 0.19 and a debt-to-equity ratio of 2.85. Lowe’s Companies, Inc. has a 1-year low of $65.12 and a 1-year high of $86.25. The firm has a market cap of $64,859.13, a P/E ratio of 17.85, a price-to-earnings-growth ratio of 1.26 and a beta of 1.13.
Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Wednesday, August 23rd. The home improvement retailer reported $1.57 earnings per share for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.05). Lowe’s Companies had a return on equity of 62.02% and a net margin of 4.51%. The company had revenue of $19.50 billion for the quarter, compared to analyst estimates of $19.58 billion. During the same period in the previous year, the business posted $1.37 EPS. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. sell-side analysts expect that Lowe’s Companies, Inc. will post 4.5 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 7th. Shareholders of record on Wednesday, January 24th will be issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 2.12%. Lowe’s Companies’s payout ratio is currently 46.20%.
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LOW has been the subject of several research analyst reports. Zacks Investment Research lowered shares of Lowe’s Companies from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. BMO Capital Markets reaffirmed a “buy” rating and set a $89.00 target price on shares of Lowe’s Companies in a research note on Thursday, July 20th. Jefferies Group LLC reaffirmed a “hold” rating and set a $89.00 target price on shares of Lowe’s Companies in a research note on Friday, July 21st. Stifel Nicolaus reaffirmed a “buy” rating and set a $87.00 target price on shares of Lowe’s Companies in a research note on Friday, July 21st. Finally, BidaskClub lowered shares of Lowe’s Companies from a “sell” rating to a “strong sell” rating in a research note on Monday, July 24th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and fourteen have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $85.62.
In other news, insider Paul D. Ramsay sold 2,098 shares of Lowe’s Companies stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of $78.02, for a total value of $163,685.96. Following the transaction, the insider now directly owns 8,400 shares of the company’s stock, valued at approximately $655,368. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Matthew V. Hollifield sold 7,853 shares of Lowe’s Companies stock in a transaction on Friday, September 22nd. The shares were sold at an average price of $78.30, for a total transaction of $614,889.90. Following the completion of the transaction, the senior vice president now directly owns 30,750 shares in the company, valued at $2,407,725. The disclosure for this sale can be found here. 0.11% of the stock is currently owned by company insiders.
Lowe’s Companies Profile
Lowe’s Companies, Inc (Lowe’s) is a home improvement company. The Company operates approximately 2,370 home improvement and hardware stores. The Company offers a range of products for maintenance, repair, remodeling and decorating. The Company offers home improvement products in categories, including Lumber and Building Materials; Tools and Hardware; Appliances; Fashion Fixtures; Rough Plumbing and Electrical; Lawn and Garden; Seasonal and Outdoor Living; Paint; Flooring; Millwork, and Kitchens.
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